Equity mutual funds delivered up to 7% returns last week, with Mirae Asset Hang Seng TECH ETF FoF leading at 7.27%. Meanwhile, Franklin India Feeder – U.S. Opportunities Fund lost 4.91%.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,